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Mall in Linz's neighborhood with a 7,4% yield

1,700,000 €
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Total area: 2,278 m² Yield: 7.4%
  • Absolute return: 124,977 €
  • 2-floor building
  • Renter: 79%
  • Minimum owner's capital: 850,000 €
  • Loan size: 50% of the value of the object
  • Rate: 2.5%
  • Total premises: 15

It is a two-story mall in one of the lesser towns near Linz.

Description

The floor area of 2,278 m².

There are 6 stores and 9 offices.

The object is leased to various tenants, some premises are vacant.

Financial performance

Absolute income is 124,977 €.

Projected income (full occupancy) is 164,865 €.

The current yield of 7,4%.

The projected yield of 9,7%.

Loan

There is a possibility to take a credit 50 to 70% of the cost with the rate about 2–2,5%.

Tenants

The anchor tenant is Pagro chain.

Purchase costs regulated by law

  • Transfer tax 3.5 %
  • Agent commission 3.6 %(incl. VAT), for buy-to-let investors 3 %
  • Registration fee 1.1 %
  • Legal fees 1.2–2.4% (incl. VAT), for buy-to-let investors 1–2 %

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Natalya Latikova
Natalya Latikova
Real Estate Expert Tranio in Linz
+44 20 3608 1267
Free advice on real estate in Linz
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